Erickson Foundation Tr
- Assets
- $1.6m
- Revenue
- $161.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 55-0722731
Organization Overview
Erickson Foundation Tr is located in Parkersburg, WV. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erickson Foundation Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Erickson Foundation Tr generated $161.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $159.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Erickson Foundation Tr has awarded 25 individual grants totaling $516,515. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ERICKSON FOUNDATION'S MAIN FOCUS IS EDUCATION IN WEST VIRGINIA'S HIGH SCHOOLS AND COLLEGES INCLUDING ATHLETIC PROGRAMS AND FACILIATES, AND ALUMNI CENTERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy G Eddy Trustee | 0 | $0 | |
Laurie A Erickson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,386 |
| Net Rental Income | $31,044 |
| Net Gain on Sale of Assets | $55,980 |
| Capital Gain Net Income | $55,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,239 |
| Total Revenue | $161,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,731 |
| Pension plans, employee benefits | $3,131 |
| Interest | $0 |
| Taxes | $2,353 |
| Depreciation | $0 |
| Occupancy | $1,215 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,678 |
| Total operating and administrative expenses | $69,375 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $159,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,289 |
| Savings and temporary cash investments | $281,397 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $250,084 |
| Investments—mortgage loans | $240,000 |
| Investments—other | $143,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$2,778 |
| Total assets | $1,614,128 |
| Accounts payable and accrued expenses | $85 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85 |
Grants Awarded
Over the last fiscal year, Erickson Foundation Tr has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Huntington, WV PURPOSE: AACSB ACCRD/EXPERINTIAL LEARNING | $35,000 |
Morgantown, WV PURPOSE: ALUMNI ASSOC. BLDG | $35,000 |
Parkersburg, WV PURPOSE: SUPPORT FOR UNDERSERVED STUDENTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |